Common use of Collateral Covenants Clause in Contracts

Collateral Covenants. Each Borrower covenants and agrees that such Borrower will duly and punctually pay the principal of, and interest on, and all other amounts payable with respect to, the Loans and all other Secured Obligations and until the Revolving Credit Facility and Acquisition Facility have been terminated and all the Secured Obligations have been paid in full, unless the Required Lenders shall otherwise consent in the manner provided in SECTION 16.11:

Appears in 2 contracts

Samples: Loan and Security Agreement (Winsloew Furniture Inc), Loan and Security Agreement (Winston Furniture Co of Alabama Inc)

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Collateral Covenants. Each Borrower covenants and agrees that such Borrower will duly and punctually pay the principal of, and interest on, and all other amounts payable with respect to, the Loans and all other Secured Obligations Obligations, and until the Revolving Credit Facility and Acquisition Facility have has been terminated and all the Secured Obligations have been paid in full, unless the Required Lenders shall otherwise consent in the manner provided in SECTION 16.11:

Appears in 1 contract

Samples: Loan and Security Agreement (Russell Corp)

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Collateral Covenants. Each Borrower covenants and agrees that such Borrower will the Borrowers will, as their joint and several obligation, duly and punctually pay the principal of, and interest on, and all other amounts payable with respect to, the Loans and all other Secured Obligations and until the Revolving Credit Facility and Acquisition Facility have has been terminated and all the Secured Obligations have been paid in full, unless the Required Lenders shall otherwise consent in the manner provided in SECTION 16.11:

Appears in 1 contract

Samples: Loan and Security Agreement (Ridgeview Inc)

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